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Bankruptcy Risk and the Performance of Market-based Pollution Control Policies
Limited Liability, Emissions Trading, Emissions Taxes
2014/11/11
We study the impacts of bankruptcy risk on the performance of market-based pollution control policies. In chapter one, we concentrate on emissions trading markets. We find that firms that risk bankrup...
Bankruptcy Risk and the Performance of Marketbased Pollution Control Policies
Bankruptcy Risk Market Based Pollution Control Policies
2014/10/21
We study the impacts of bankruptcy risk on the performance of market-based pollution control policies. In Chapter one, we concentrate on emissions trading markets. We find that firms that risk bankrup...
We analyze the size dependence and temporal stability of firm bankruptcy risk in the US economy by applying Zipf scaling techniques. We focus on a single risk factor-the debt-to-asset ratio R-in order...